question archive The completeness assertion would be violated if: a
The completeness assertion would be violated if: a
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The completeness assertion would be violated if:
a. fictitious sales transactions were included in accounts receivable.
b. the allowance for doubtful accounts was understated.
c. unbilled shipments had occurred during the period.
d. disclosure in the statements of pledged receivables was inadequate.
e. the balance of accounts payable was overstated.
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Answer: C. unbilled shipments had occurred during the period.
Explanation:
In this scenario, the completeness assertion has been violated because shipment balance that should be included on the books that has not been (i.e., it exists but is not included so the books are not complete). It is complete when it is in the books.
